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Technology Stocks : Seagate Technology - Fundamentals
STX 344.23+5.6%3:59 PM EST
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To: David Jones who wrote (356)12/16/1998 8:26:00 AM
From: William Epstein  Read Replies (2) of 1989
 
To All;

Elaine Garzerelli, an analyst I do respect, appeared on CNBC last night. What she said was interesting. She is usually right but during the last crash she blew it. This time she said, that the corporate profit picture was poor and probably wouldn't improve until the third or fourth quarter of next year. (I can agree with that) However, she felt the market would rise 12-20%. She pointed out a strange fact that the market usually rises when corporate profits are falling. I guess, it is in anticipation of profits down the road. She believes the Dow will get to 10,000 and possibly 11,000. Also that, 10 yr. treasuries will go to 4% or near that. The low interest rate environment will carry us through. She also feels that the Tech. sector will lead the rest of the market, as well as, financials like banks because of it the low interest rates. Sounds like a good environment for SEG. Any comments?
PHOTOMAN



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